Mitie Group (LON:MTO) Downgraded by Berenberg Bank to Hold

Mitie Group (LON:MTO) was downgraded by analysts at Berenberg Bank to a “hold” rating in a report released on Wednesday, Digital Look reports. They presently have a GBX 219 price objective on the stock, down from their prior price objective of GBX 230. Berenberg Bank’s price target points to a potential upside of 4.39% from the company’s current price.

MTO has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 195 price target on shares of Mitie Group in a research report on Monday, June 8th. Royal Bank Of Canada dropped their price objective on shares of Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating for the company in a report on Friday, June 5th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 190.

Mitie Group Price Performance

MTO stock opened at GBX 209.80 on Wednesday. The business’s fifty day moving average price is GBX 186.42 and its 200 day moving average price is GBX 177.66. Mitie Group has a 12-month low of GBX 134.80 and a 12-month high of GBX 214. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 107.60. The company has a market capitalization of £2.73 billion, a PE ratio of 34.39, a P/E/G ratio of 10.10 and a beta of 0.90.

Mitie Group (LON:MTO) last announced its earnings results on Thursday, June 4th. The company reported GBX 13.60 EPS for the quarter. The company had revenue of GBX 561.86 billion during the quarter. Mitie Group had a return on equity of 15.86% and a net margin of 1.47%. On average, sell-side analysts anticipate that Mitie Group will post 10.9360519 EPS for the current year.

Insider Buying and Selling

In related news, insider Mary Reilly acquired 1,503 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was acquired at an average price of GBX 149 per share, for a total transaction of £2,239.47. Also, insider Salma Shah acquired 2,220 shares of the stock in a transaction dated Wednesday, July 1st. The shares were bought at an average cost of GBX 149 per share, with a total value of £3,307.80. Over the last quarter, insiders have acquired 3,795 shares of company stock worth $569,703 and have sold 1,004,735 shares worth $194,654,911. 1.89% of the stock is currently owned by company insiders.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.